Chinese electric cars in February set a new record

19 March 2018

Traditionally weak for the PRC February showed record growth in sales NEV

The second month of the year, when China celebrated the local New year, this year showed sales of PEV at about 34 thousand, so that local sellers can't complain, because the rate of registrations jumped by 88% compared to the same period of the previous year, which made him, of course, the best February sales in this segment.

The proportion of PEV in the total sales in the automotive market fell slightly to 1.3% vs 1.4% in the previous month and markedly lower than the 2.1% in 2017. Still, the optimists expect that sales have considerably increased, so that the share of the PEV market in 2018 will be about 3%.



Last month Chinese OEMs supplied approximately 40% of all PEV registered worldwide – an impressive number, especially considering that February is traditionally not pleased dealers the Chinese market PEV.

Since the export of Chinese PEV remains purely symbolic capacity of the domestic market is still more than enough to absorb all released electric vehicles (BEV) and plug-in hybrids (PHEV). This contributes to the fact that this market segment is among the most highly protected, because last month the share of foreign brands accounted for only 3% of PEV registrations. Moreover, the lion's share of this (very small) of the pie, equal to 2% owned by BMW, while all the other saturated with foreign cars producers, including Tesla, were satisfied, only about 1%.

The main news of February was surprisingly low sales of the BAIC EC, which showed a total of only 4120 units. thereby harming the parent company BAIC, which frankly fell on the company BYD, inferior to her in the previous month, which will undoubtedly have an impact in the battle for the honorary title of "Best Brand of 2018".

Top 5 most sold in China models of PEV in February:



No. 1 – BYD PHEV Song: the current best-seller market sold in February in the amount of 4481 units, supporting a good start to the year for this brand, whose name stands for Build Your Dreams (BYD) – "realize your dream". If the title of "Bestseller PHEV 2018", apparently, will remain with him, the question arises whether the new Model BYD Y to reach the level of sales a rival series BAIC EC-series. It may well be if BYD will continue to act as aggressive, but BAIC EC-series, by contrast, will lose its popularity in the eyes of consumers. However, yet to judge this early.



 No. 2 – BAIC EC-Series: after a string of victories for six consecutive months in the category "Bestseller of the market" series BAIC EC showed very disappointing results for February – 4120 units of Course, and 4,000 units should be enough for a place on the podium in Global PEES, but when you are in front of the reach registrations of nearly 16 000 units a month roll is only 4000 units, it seems that you are not diligent. It is as if you were Lionel Messi, forcing people to admire their hat-tricks and other records within 90 minutes, and then just assisting other players, which the fans start to think that you are lazy... anyway, this little electric car continues to be the conqueror of the Chinese market, saving potential resistance compared with the second model BYD – Song PHEV.



 No. 3 BYD Qin PHEV: the most common plug-in hybrid (PHEV) in China has demonstrated good results in February – 3009 units, becoming the development of the BYD Model 3 for the sixth month in a row implementing a "3 to 4 thousand per month", which although does not reach the 15 thousand sales of a series of BAIC EC, but, on the other hand, demonstrates stability, though not as Messi, but Ronaldo, calling their game the universal admiration. In the end, BYD for the last 3 years consistently receives awards as the real Madrid forward.



 No. 4: JAC iEV7S / E: that JAC was one of the pioneers release hybrids in China by selling them in 2010, and now with the new crossover iEV7S / E back in the big game last month registering 2831 units. With a competitive price of $26 000 excluding benefits that hybrid car-oriented city to move residents who for any reason can't buy the Song or BYD Roewe eRX5, gives you the opportunity to receive a beautiful compact car (Kia Soul dimension) with 114-horsepower engine, get rid of the feeling of lack of power.



 No. 5 – Chery eQ Chery was one of the Chinese brands have relied on PHEV at an early stage of their development, winning the title of "Bestseller" for three consecutive years (in 2011, 2012 and 2013), with its tiny QQ3 EV, and is now trying to restore the popularity of with the new model eQ – successor QQ3, whose registration was made in February 2753 units, which allowed him to enter Top-5. The electric car sold to urban residents, for $24 000 excluding benefits is quite good in the role of the citicar, with battery capacity of 22 kWh provides enough reserve (200 km or 125 miles on the NEDC cycle), to cover the basic needs in the urban jungle.



 outside the Top-5 even in such low month there are several models with good growth, such as SAIC Wuling E100, which after a disastrous January (total 80 units) sold in the amount of 601 units, which allowed him to return to the Top-20.



 More confident has made its direct competitor microelectromech Zhi Dou D2 EV, was in the amount of 893 units, which far exceeds the modest 130 units in January, pulling him to 12th place in monthly ranking.



 Not so positive things went from hybrid crossover BYD Tang, which is sold in the amount of only 204 units.